Answer:
The Correct answer is C "Courts are generally suspicious of dollar amounts determined by the net worth method because courts realize that the net worth can only provide approximations of the amount stolen."
Explanation:
There is always suspicion from the court on the dollar amounts derived from using the net worth method, and this is because courts have been able to understand that the net worth method does not have the potential to calculate the exact stolen amount, but only provide estimations and approximates of the main amount.
Answer: True
Explanation: The retained earnings are recorded after closing the accounts of the income statement, the surplus called profit or the missing called loss is transferred to equity through the non-distributed profit item.
This undistributed profit account also closes during the accounting period, to clarify how much was generated in a period, they are not like the balance sheet accounts that are cumulative.
Answer:
true
Explanation:
The equivalent units of production in respect of direct labor for the given scenario shall be determined through the following mentioned equation:
Equivalent units of direct labor=Number of physical units at start of the reporting period*Completion percentage with respect to direct labor
Equivalent units of direct labor=100,000*20%
=20,000 units
So based on the above calculation, the statement is true
Answer:
The correct answer is : Must be added to saving.
Explanation:
It happens when you sum up the expenditures undertaken in the economy and the factors during a specific time period have to be taken into account. It can also determine the total amount that firms plan to spend on things at each level of income. The levels of consumption, government purchases and investment and evaluated as well.
